Reliance Jio posts Rs 2,844 crore in net profit, up 185% YoY in Q2FY21 results
RJIL's revenue for the quarter grew 5.9% quarter-on-quarter to Rs 17,481 crore. Its consolidated net profit grew to Rs 3,020 crore or 19.8%, quarter-on-quarter
Reliance Jio Infocomm Ltd. has released its Q2 results for FY20-21. Despite the pandemic which caused a setback to most industries, RJIL has reported a net profit of Rs 2,844 crore up from Rs 990 crore or 185% in year-on-year, and 12.85% from Rs 2,520 crore last quarter.
The revenue for the quarter grew 5.9% quarter-on-quarter to Rs 17,481 crore. Its consolidated net profit grew to Rs 3,020 crore or 19.8%, quarter-on-quarter.
The average revenue per user (ARPU) grew to Rs 145 from Rs 140 in the previous quarter. With a boost in internet use due to the lockdown, the wireless traffic increased 27.2 million. Monthly subscribers to Jio's wireless services rose to 1.69% in September quarter.
“The company has evaluated the implications of the Covid-19 pandemic and has determined that there is no significant impact on its financial position and performance,” stated RJIL in its filings.For more updates, be socially connected with us on
WhatsApp, Instagram, LinkedIn, Twitter, Facebook & Youtube